Home Prices Increase in Every Price Range
“National home prices increased 3.6% year over year in July 2019 and are forecast to increase 5.4% from July 2019 to July 2020.”
They also analyzed four individual home-price tiers, showing the increase in each.o clarify the methodology, CoreLogic explains,
“The four price tiers are based on the median sale price and are as follows: homes priced at 75% or less of the median (low price), homes priced between 75% and 100% of the median (low-to-middle price), homes priced between 100% and 125% of the median (middle-to-moderate price) and homes priced greater than 125% of the median (high price).”
What does this mean if you’re selling?Price appreciation can differ depending on your price range. If you’re a homeowner thinking of selling, connect with a real estate professional to find out how much your home is increasing in value, so you can price it competitively for today’s market.
Wondering what to do when home prices increase? Ken Couture is the best realtor in Las Vegas to help you. Call us at (702) 476-0060 or fill out the form below.
